Level 1, 333 King William Street Office: +61 8 7320 1900 Adelaide SA 5000 admin@morrisforensic.com.au PO Box 582 Kensington Park SA 5068 www.morrisforensic.com.au

Brian Morris

Morris Forensic

Brian Morris is the principal of Morris Forensic, a specialist firm providing expert

accounting and valuation services in connection with litigation and dispute resolution.

Morris Forensic operates in consultation with specialist forensic accounting personnel

of Edwards Marshall.

History

Brian commenced employment with Edwards Marshall in 1971 and was admitted to

partnership in 1983.

Brian worked primarily on audit and business services engagements from 1971 to 1983 and was the partner

responsible for the firm’s audit practice from 1983 to 1991. Since 1991 he has worked mainly in the forensic

accounting practice; however, he continues to be consulted on technical issues in audit engagements and

provides management consulting services to one of the firm’s major clients.

Brian was Managing Partner and Chairman of Partners at various times.

He was also responsible for the firm’s relationship with its previous international affiliation, Polaris

International. Brian has served as Vice President, Secretary and a Director of the international board and has

been the Chairman of the Asia/Pacific Region of that body. Brian also co-ordinated Practice Inspections for the

affiliation in the Asia/Pacific region.

In November 2014 Brian established his specialist firm, Morris Forensic. He continues to be retained as a

consultant to Edwards Marshall.

Professional Qualifications & Awards

Bachelor of Arts (Accountancy), University of South Australia, 1977

Honours Degree of Law, University of Adelaide, 2007

Professional Certificate in Arbitration and Mediation, University of Adelaide, 2002

CPA President’s Award for Excellence for service to CPA Australia and to the accounting profession

nationally and internationally, 2012

Memberships & Registrations

Fellow of The Institute of Chartered Accountants in Australia and New Zealand

Fellow of CPA Australia

Member of the Australian Institute of Company Directors

Member of Institute of Arbitrators & Mediators in Australia

Registered Company Auditor

Registered Tax Agent

Page 2

Professional Experience

Brian has worked in most areas of public accounting. He has worked as a general practitioner involved in the

provision of taxation, accounting, audit and business services.

Accounting and consulting assignments included corporate strategy, management reporting, risk management,

investment analyses, acquisitions and divestments, computer system analysis and design, succession planning

and general accounting advice.

Brian has served on and been retained by the governing bodies of a number of corporations, both private and

State owned.

Financial Investigations and Valuations

Brian has been involved in a considerable number of projects involving investigations and valuations.

Financial investigations have been undertaken mainly for the purposes of litigation and the provision of expert

evidence. These have entailed analyses of specific transactions connected with allegations of breach of

fiduciary and other duties, fraudulent activities, corporate failure and solvency.

Valuations have been undertaken for the purposes of acquisition and divestment transactions as well as for

forensic purposes connected with commercial litigation and property settlements.

Brian has delivered a number of papers on topics dealing with accounting standards, auditing, business

investigations, data processing systems, valuations and forensic accounting.

Forensic Accounting and Expert Evidence

Brian has provided expert accounting evidence in The Federal Court of Australia, The Family Court of Australia,

the Supreme Courts of South Australia, New South Wales, Queensland and Victoria and the District Courts of

South Australia and Western Australia.

Brian has been retained in connection with a considerable number of matters involving litigation. This has

ranged from the investigation of financial records and transactions, valuation of businesses and business

entities, assessments of loss and damage, audit and accounting negligence and fraud.

Matters in which he has been retained include:

The Duke Group Ltd (In Liquidation) v Arthur Young and Peat Marwick Hungerfords

Beach Petroleum NL & Ors v Fuller & Ors

Southern Equities Corporation Ltd (In Liquidation) (Formerly Bond Corporation Holdings Ltd) v ArthurAndersen

Prosecutions of Mr A Bond, (in connection with Bond Corporation Ltd), Messrs MJ Fuller and JPCummings (in connection with Spargos Mining NL), and Messrs P Ried, A Kovess & H Abbott (inconnection with The Duke Group Ltd)

The investigation of the audits of the State Bank of South Australia and its subsidiary BeneficialFinance Corporation Ltd and the action by the State of South Australia against its managing director,Mr Marcus Clark

Harris Scarfe Ltd (Receivers & Managers Appointed) v Ernst & Young and PricewaterhouseCoopers

Page 3

HIH Insurance Ltd v Adler & Ors

Sons of Gwalia Ltd (Subject to DOCA) v Ernst & Young and Ors

Ann Street Mezzanine Pty Ltd & Ors v KPMG (re Westpoint)

Richard Kirby v Centro Properties Ltd & Anor and Richard Kirby v Centro Retail Ltd & Anor

Several audit actions arising out of failures of New Zealand finance companies

South Australian Water Corporation and United Water International Pty Ltd

Octaviar Administration Pty Ltd (In Liquidation) v KPMG

Audit

Brian has worked in, or in connection with, audit throughout most of his career. He was the partner responsible

for Edward Marshall’s audit practice from 1983 until 1990. Audit clients have been involved in a broad range of

activities including financial services, health insurance, pharmaceuticals, property development,

manufacturing, construction, education and retail.

Brian has also been retained by South Australian Government Authorities as the Probity Auditor in connection

with significant projects for the development of infrastructure and the outsourcing of services.

Brian continues as a consultant with Edwards Marshall on technical audit issues.

Board and Committee Positions

Member of the Companies Auditors and Liquidators Disciplinary Board (2000-2010)

Member of the Urgent Issues Group (1995-2001)

Member of the Auditing Standards Board (1991-1995)

One of the two Australian members on the International Accounting Standards Committee (2000)

Chairman of the National Technical Standards Committee of CPA Australia (until 1992)

Director of the South Australian Film Corporation and Chair of its Finance and Audit Committee (2001-2008)

Director of Thoroughbred Racing SA Ltd and Chair of its Finance & Audit Committee (2007- 2011)

Member of the Finance Committee of the University of Adelaide, an advisory committee to the Council and Executive of the University (2000-2009)

Chair of the Audit and Risk Committee of the Courts Administration Authority

Member of the Audit Committee of the Art Gallery of South Australia

Member of the editorial committee of Australian Accounting Review.